Delta stock forecast market strategists note Delta's stock

Market strategists note Delta's stock forecast aligns with the broader transportation index, which is expected to gain around 4.5% based on momentum indicators and RSI readings staying under overbought levels. Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. Bastian said consumer confidence “certainly took a big dip in the early part of the year, and then again in April after the Liberation Day announcements were made, and has been slowly starting to climb back.” He said his carrier’s target consumer has a household income of $100,000 or more, “not, by the way, an elite definition—that’s 40% of all U.S. households,” adding, “We were worried, I think, in the earlier part of the year about the wealth effect, what’s going on in markets and other financial instruments, but that’s corrected itself in the market beyond where it was even at the start of the year.” Bastian said “there seems to be growing optimism” though “clearly we still have a long way to go.” Delta stock forecast shows moderate bullish sentiment for Q3 2024, with analysts targeting $50–$54 per share. Aviation sector recovery post-summer travel surge and stable jet fuel costs are boosting confidence among institutional traders.